Sejal Glass Limited (SEJALLTD)

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Sejal Glass Limited (SEJALLTD) · mywealthgrid

About

Sejal Glass Limited manufactures industrial glass products within the Industrials sector; operates at consolidated quarterly revenue scale of ₹117.95 Cr (Jun 2026), mid-cap at ₹775.09 Cr market cap. The company's structure includes subsidiaries; consolidated operating margins of 14-16% reflect core economics, though earnings swing sharply quarter-to-quarter. ROE of 30.35% indicates capital deployed efficiently in glass manufacturing.

Face value: ₹10

Market cap

₹748 Cr

P/E

23.8×

P/B

4.9×

Dividend yield

ROE

30.3%

ROCE

19.9%

Debt / equity

0.98

OPM

15.5%

EPS (TTM)

₹27.6

Book value

₹132.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings volatility: consolidated net profit swung from ₹−2.27 Cr (Dec 2025) to ₹11.42 Cr (Mar 2026); cyclicality or subsidiary losses create visibility risk
Margin compression: OPM collapsed to 2.64% (Dec 2025) from typical 14-16%, suggesting high leverage to input costs or pricing power in a thin-margin business
Moderate leverage (D/E 0.98) leaves limited financial buffer; any industrial-demand downturn would pressure cash flow and debt service simultaneously
Institutional underparticipation (FII 0.19%, DII 4.54%) with 69.96% promoter concentration; sparse coverage and low public float could magnify valuation shocks on operational surprises

Generated analysis · source review pending

Growth drivers

ROE of 30.35% means each rupee of capital generates above-market returns; scaling from ₹117.95 Cr quarterly revenue (Jun 2026) would compound growth
Operating margins recovered to 14-15% (Mar, Jun 2026) from 2.64% (Dec 2025); if company sustains these levels, ₹117-118 Cr quarterly revenue base multiplies profit
Consolidated revenue rose from ₹79.48 Cr (Dec 2025) to ₹117.95 Cr (Jun 2026); verify whether growth reflects sector demand recovery or one-time orders
Standalone net profit (₹5.08 Cr Dec 2025) exceeded consolidated (₹−2.27 Cr loss) due to subsidiary underperformance; recovery of loss-making subsidiaries unlocks parent upside

Generated analysis · source review pending

1,130 historical price candles were omitted because the exchange source has not been verified.

₹656.5+1.2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 26.1% (3-yr avg)
+Profit CAGR of 54.1% over the last 3 years
+Revenue CAGR of 104.4% over the last 3 years
+High promoter holding of 70% with no pledge

Cons

−Promoter holding fell 5 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

70/100

Business quality: 49
Growth: 100
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	46	164	244	397
COGS	30	105	148	231
Gross profit	16	59	95	165
	13	38	61	102
	3	21	34	63
OPM %	6%	12.5%	14%	16%
Depreciation	1	6	7	15
Interest	2	13	16	21
	-1	1	1	5
Profit before tax	-1	3	12	32
Tax	-9	0	1	3
Tax %	-765.3%	0%	5.3%	8.2%
	8	3	11	29
PAT margin %	16.9%	2%	4.5%	7.3%
EPS (₹)	7.8	3.3	10.9	27.4
EPS adjusted (₹)	7.8	3.3	10.9	25.2
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	10	10	11
Reserves	-4	4	19	28	140
Minority interest	—	—	0	0	1
	33	31	140	158	149
	4	5	61	88	169
Total equity & liabilities	43	51	230	285	471
	30	20	115	118	149
CWIP	0	0	5	3	9
Investments	7	3	6	3	32
	6	27	105	161	280
Total assets	43	51	230	285	471

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	-9	-6	56
	7	-41	-0	-96
	-4	49	9	47
Net cash flow	1	-1	3	7
Free cash flow	-2	-9	-14	-12
CFO / Operating profit %	-44.5%	-45.1%	-16.8%	90.5%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	34.4%	35.9%	39%	41.7%
EBITDA margin %	7.9%	12.4%	14%	15.5%
EBIT margin %	6%	9%	10.9%	11.6%
PAT margin %	16.9%	2%	4.5%	7.3%
Working capital
Receivable days	81	152	152	122
Inventory days	36	58	55	66
Payable days	29	101	123	109
NWC days	88	109	84	80
Leverage
Current ratio	0.59	1.56	1.35	1.44
Debt to EBITDA	8.55	6.89	4.66	2.42
Debt to equity	2.23	4.82	4.16	0.98
Interest coverage	1.3	1.3	1.7	2.4
Asset turnover	0.92	0.71	0.86	0.84
Return ratios
Return on assets %	15.5%	1.4%	3.9%	6.2%
Return on capital employed %	14%	16.5%	16%	19.9%
Return on equity %	56.1%	11.4%	29%	19.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	90%	78.96%	77.46%	75%	75%	75%	75%	75%	75%	69.96%	69.96%	69.96%
	0%	0%	0.12%	0.34%	0.29%	0.21%	0.21%	0.21%	0.21%	0.19%	0.19%	0.19%
	0%	0%	0%	0%	0%	0.4%	0.47%	0.47%	0.47%	0.41%	4.44%	4.54%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	10%	21.04%	22.42%	24.66%	24.71%	24.39%	24.32%	24.32%	24.32%	29.44%	25.41%	25.31%
No. of shareholders	—	—	—	—	—	—	—	—	5,153	6,553	6,416	7,194

Promoter holding down 20.04 percentage points since Sep 2023.

20 deals · 2 Feb 2022 – 25 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Sept 2026	G K PROPERTIES PRIVATE LIMITED	Bulk	NSE	Sell	1,50,000	₹676.67	₹10.15 Cr
25 Sept 2026	NITIN SIDDAMSETTY	Bulk	NSE	Buy	1,49,797	₹676.68	₹10.14 Cr
16 Sept 2026	DILESH ROADLINES PRIVATE LIMITED	Bulk	NSE	Sell	1,00,000	₹620.06	₹6.20 Cr
16 Sept 2026	CAPRI GLOBAL VENTURES PRIVATE LIMITED	Bulk	NSE	Buy	98,892	₹620.00	₹6.13 Cr
23 Mar 2026	NITIN SIDDAMSETTY	Bulk	NSE	Sell	1,56,462	₹480.97	₹7.53 Cr
23 Mar 2026	G K PROPERTIES PRIVATE LIMITED	Bulk	NSE	Buy	1,50,000	₹481.00	₹7.22 Cr
25 Jun 2024	CHANDRAKANT V GOGRI	Bulk	BSE	Sell	2,48,069	₹325.00	₹8.06 Cr
25 Jun 2024	NITIN SIDDAMSETTY	Bulk	BSE	Buy	2,48,000	₹325.00	₹8.06 Cr
22 Mar 2024	CHANDRAKANT VALLABHJI GOGRI	Bulk	NSE	Sell	1,51,931	₹330.55	₹5.02 Cr
22 Mar 2024	GREEN PORTFOLIO PRIVATE LIMITED	Bulk	NSE	Buy	1,23,699	₹330.40	₹4.09 Cr

1–10 of 20

1 / 2

Mr. SURJI DAMJI CHHEDANon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. JIGGAR LAKSHMICHAND SAVLAExecutive Director
Mr. CHIRAG HIMATLAL DOSHINon-Executive - Independent Director
S SivaramakrishnanChief Executive Officer
Ms. NEHA RAJEN GADANon-Executive - Independent Director
Mr. Chandresh RambhiaChief Financial Officer
Mr. VIJAY VASANJI MAMANIANon-Executive - Non Independent Director
Ms. AMRUTA SHRIPAD PATANKARNon-Executive - Independent Director
Ashwin S ShettyVice President - Operations, Company Secretary and Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Sejal Glass Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Aug 2026Transcript AI SummaryPPTREC
May 2026Transcript AI SummaryPPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Dividend dividend16 Sept 2008 · ex-date₹0.55

1

Board meeting to consider results31 Jul 2026

1

Face value ₹10 → ₹121 Oct 2010 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

3 announcementsExport CSV

1 Oct 2026, 12:36 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

28 Sept 2026, 11:30 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

19 Sept 2026, 2:33 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

Date	Category	Subject	Filing
1 Oct 2026, 12:36 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
28 Sept 2026, 11:30 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	34.4%	35.9%	39%	41.7%
EBITDA margin %	7.9%	12.4%	14%	15.5%
EBIT margin %	6%	9%	10.9%	11.6%
PAT margin %	16.9%	2%	4.5%	7.3%
Working capital
Receivable days	81	152	152	122
Inventory days	36	58	55	66
Payable days	29	101	123	109
NWC days	88	109	84	80
Leverage
Current ratio	0.59	1.56	1.35	1.44
Debt to EBITDA	8.55	6.89	4.66	2.42
Debt to equity	2.23	4.82	4.16	0.98
Interest coverage	1.3	1.3	1.7	2.4
Asset turnover	0.92	0.71	0.86	0.84
Return ratios
Return on assets %	15.5%	1.4%	3.9%	6.2%
Return on capital employed %	14%	16.5%	16%	19.9%
Return on equity %	56.1%	11.4%	29%	19.2%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Cummins India LimitedCUMMINSINDCUMMINSIND	₹1,34,719 Cr	₹1,34,719 Cr	₹12,662 Cr	₹2,588 Cr	21.4%	₹2,367 Cr	19.5%	34.7%	29.5%	60
Polycab India LimitedPOLYCABPOLYCAB	₹1,20,329 Cr	₹1,20,462 Cr	₹31,188 Cr	₹4,284 Cr	13.9%	₹2,864 Cr	9.4%	33.9%	24.5%	114
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Kei Industries LimitedKEIKEI	₹43,039 Cr	₹43,225 Cr	₹12,343 Cr	₹1,367 Cr	10.5%	₹997 Cr	7.8%	20.3%	14.8%	101
Supreme Industries LimitedSUPREMEINDSUPREMEIND	₹42,926 Cr	₹42,926 Cr	₹11,326 Cr	₹1,632 Cr	13.9%	₹1,032 Cr	8.5%	19.1%	16.1%	44
Aia Engineering LimitedAIAENGAIAENG	₹35,682 Cr	₹35,682 Cr	₹4,549 Cr	₹1,258 Cr	28.4%	₹1,266 Cr	28.7%	21.3%	17%	320
Ptc Industries LimitedPTCILPTCIL	₹33,038 Cr	₹33,299 Cr	₹697 Cr	₹172 Cr	21.9%	₹126 Cr	16.9%	8.6%	7%	970
Kirloskar Oil Engines LimitedKIRLOSENGKIRLOSENG	₹32,609 Cr	₹37,923 Cr	₹7,937 Cr	₹1,389 Cr	18.4%	₹535 Cr	7.3%	18.8%	16.8%	28
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
R R Kabel LimitedRRKABELRRKABEL	₹28,481 Cr	₹28,713 Cr	₹10,832 Cr	₹925 Cr	8.1%	₹608 Cr	5.1%	30%	20.8%	56
Carborundum Universal LimitedCARBORUNIVCARBORUNIV	₹23,616 Cr	₹23,921 Cr	₹5,414 Cr	₹593 Cr	11.1%	₹209 Cr	3.2%	9.9%	5.2%	187

Sejal Glass Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

1

1

1

Announcements

1

1

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Sejal Glass Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Dividends1

Board meetings1

Stock splits1

Announcements

Dividends1

Board meetings1

Stock splits1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1

1

1